NCLAT upholds Suraksha Realty resolution plan for Jaypee Infratech

The appellate tribunal also ordered Suraksha to pay 79% of ₹1,689 crore to Yamuna Expressway Industrial Development Authority (YEIDA), Jaypee’s creditor, for land compensation to farmers.

The National Company Law Appellate Tribunal (NCLAT) on May 24 upheld the resolution plan submitted by Suraksha Realty Limited for Jaypee Infratech Limited as part of the latter’s Corporate Insolvency Resolution Process (CIRP). [Yamuna Expressway Industrial Development Authority v. Monitoring Committee of Japyee Infratech]

Loading content, please wait...
Bar and Bench - Indian Legal news